Extreme FUD Persists on Social Media Despite BTC’s Recovery from $60,000 Dip

Extreme FUD lingers after Bitcoin’s $60,000 recovery, with bearish social sentiment outweighing bullish news.

Bitcoin (BTC) fell back below $67,000 on Wednesday, February 11, extending a volatile stretch that began with last week’s decline to $60,000.

Despite that recovery from the low, social data shows fear remains high, with traders divided over whether the worst of the sell-off is over.

Social sentiment remains bearish while volatility increases

Data shared by on-chain analytics company Santiment shows a high ratio of bearish to bullish messages even after Bitcoin recovered from the $60,000 dip. According to the company, retail traders appear reluctant to buy at current levels, while larger investors face less resistance to accumulating during periods of fear.

Santiment added that historically, upswings have often followed spikes in fear, although the company did not claim this guarantees a bottom.

Meanwhile, the short-term price action is still fragile, thanks to market observer Ash Crypto reporting that Bitcoin’s drop below $67,000 had liquidated approximately $127 million in long positions within four hours.

At the time of writing, market data from CoinGecko showed BTC trading around $66,700, down around 3% in the past 24 hours and almost 13% on the week. Over the past 30 days, the major cryptocurrency has fallen more than 27% and remains 47% below its all-time high set in October 2025.

The 24-hour range between $66,600 and $69,900 reflects continued intraday swings, while the weekly price action extends from around $62,800 to $76,500, showing how volatile conditions are.

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Volatility metrics support that view, with Binance data cited by Arab Chain analysts showing that Bitcoin’s seven-day annualized volatility has risen to around 1.51, the highest figure since 2022. However, the 30-day and 90-day measures remain lower at 0.81 and 0.56, indicating that the recent turbulence has not yet developed into a long-term regime of high volatility. According to the analysts, the average true range as a percentage is near 0.075, which historically has been a compressed level that often comes just before a bigger price move.

Comparisons with bear markets surface again

An earlier report this week noted that Bitcoin has closed below the 100-week moving average for three straight weeks, a pattern seen in previous bear markets. CryptoQuant founder Ki Young Ju wrote on February 9 that “Bitcoin is currently unpumpable,” arguing that selling pressure limits upside follow-through.

Other commentators, including Doctor Profit, have described the current structure as a wide consolidation range between $57,000 and $87,000, warning that sideways trading could precede another leg lower.

Additionally, macro data adds to the cautious tone, with XWIN Research Japan to write that weaker US retail sales and slowing wage growth mean consumption is slowing, which could weigh on risk assets in the short term. The company also noted a persistently negative Coinbase Premium Gap since the end of 2025, indicating weak demand in the US spot market compared to derivatives-driven activity.

Yet not all industry voices are focused solely on price cycles. WeFi’s Maksym Sakharov says he believes Bitcoin sentiment will eventually strengthen despite falling prices, but for different reasons than during previous rallies.

“I believe that Bitcoin sentiment will become even stronger despite falling prices, but this time it will not only be about price or speculation, but also about real adoption,” Sakharov said.

In the meantime, BTC is in a narrow zone between fear-driven pessimism and technical support near $60,000, with traders keeping an eye on whether high volatility breaks higher or breaks lower in the coming weeks.